Sands China withdraws appeal for Macau casino sites

May 31, 2012|Reuters

HONG KONG, June 1 (Reuters) - Macau casino Sands China Ltd, controlled by Las Vegas casino mogul Sheldon Adelson,said on Friday that it is withdrawing an appeal lodged for twoland sites in Macau after the government there rejected itsapplications two years earlier.

The $27 billion company had been hoping to secure the sites,known as 7 and 8, on Macau's Cotai strip, to expand its footholdin the former Portuguese colony where it already has three largeproperties. Sands China filed the appeal on Jan. 4 last year.